Listed by CBRE - Orange County
$5,078,000
Warren Vista Center
Details
APN 0595-271-52, 0595-271-53
Property Type Retail
Sub Type Land, Strip Center
Square Footage 17,338
Net Rentable (SqFt) 17,338
Cap Rate 8.08%
NOI $410,291
Tenancy Multi
Pro-Forma Cap Rate 8.58%
Pro-Forma NOI $435,937
Price per SqFt $293
Year Built 2014
Acreage 3.670
Zoning C-G Commercial General
Ground Lease No
Retail | 7.86% CAP | 17,338 SqFt
Marketing description
- 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants and shadow-anchored by international grocery operator ALDI (NAP), providing a daily needs draw to the center
- Stabilized Tenancy – Recent tenant activity with newer leases and long-term occupancy prove the viability of this location. Yucca Family Medical Care, which accounts for ±70% of base rent, has operated at Warren Vista Center for over 10 years.
- Yucca Family Medical Care signed a 10-year lease renewal in 2023 as well as signing a new lease in 2024 to occupy two additional suites – further increasing their footprint at the property and proving their commitment to this location.
- Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line.
- Strong WALT – Warren Vista Center boasts stable tenancy with 6.53 years of weighted average lease term remaining (WALT)
- Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley
- Tenants within a 1-mile radius of the property include Stater Bros, Tractor Supply, Walgreens, Big 5 Sporting Goods, Dollar Tree, Starbucks, McDonalds, Vons, Ross, US Bank, Chipotle and more
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$410,291.00
$34,190.92/mo
Valuation Metrics
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DSCR
8.08%
Cap Rate
8.08%
ROI
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